Vistra Corp. (NYSE:VST) Shares Sold by Fox Hill Wealth Management

Key Points

• Fox Hill Wealth Management reduced its stake in Vistra Corp. by 22.7%, selling 4,862 shares and now holding 16,558 shares valued at approximately $1,945,000.
• Insiders have sold a total of 294,000 shares of Vistra stock over the last quarter, including a significant sale by Director John R. Sult, who sold 25,000 shares for about $4.29 million.
• Vistra recently announced an increase in its quarterly dividend to $0.226, with an annualized dividend yield of 0.4%.

Fox Hill Wealth Management decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,558 shares of the company's stock after selling 4,862 shares during the quarter. Vistra accounts for about 1.1% of Fox Hill Wealth Management's holdings, making the stock its 27th biggest holding. Fox Hill Wealth Management's holdings in Vistra were worth $1,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VST. Capital International Investors acquired a new stake in shares of Vistra in the 4th quarter valued at $286,414,000. Nuveen LLC acquired a new stake in shares of Vistra in the 1st quarter valued at $209,149,000. Palidye Holdings Caymans Ltd acquired a new stake in shares of Vistra in the 4th quarter valued at $149,451,000. D1 Capital Partners L.P. acquired a new stake in shares of Vistra in the 4th quarter valued at $92,649,000. Finally, Bridgewater Associates LP raised its holdings in shares of Vistra by 58.9% in the 4th quarter. Bridgewater Associates LP now owns 1,773,499 shares of the company's stock valued at $244,512,000 after purchasing an additional 657,217 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Shares of VST stock traded down $2.77 during trading hours on Thursday, hitting $202.52. The stock had a trading volume of 3,002,319 shares, compared to its average volume of 5,197,070. The firm has a market capitalization of $68.62 billion, a PE ratio of 32.30, a PEG ratio of 2.37 and a beta of 1.30. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The stock's 50 day moving average is $191.43 and its 200 day moving average is $157.13. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.77.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's dividend payout ratio is currently 14.35%.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares of the company's stock, valued at $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president directly owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VST shares. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group increased their price target on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Morgan Stanley increased their price target on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group increased their price target on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Raymond James Financial assumed coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.62.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.